PETALING JAYA: As more Malaysians opt for e-wallets over physical cash for their daily needs, the Association of Banks in Malaysia (ABM) is anticipating a further surge this year in the adoption of cashless payments. While younger adults remain the most active users due to their comfort with technology, ABM said adoption among older age groups is steadily rising. Yee also said access remains a challenge in cashless adoption in rural areas, and though adoption of cashless services is growing in remote places. Centre for Market Education chief executive officer Carmelo Ferlito said physical money must remain fully acceptable for transactions, as refusing cash altoge­ther raises institutional and legal questions. Others prefer budgeting discipline through physical cash.

Source: The Star February 25, 2026 00:55 UTC